Villere Balanced Fund Looks to Put Cash to Work

George Young, co-manager of the Villiere Balanced Fund, says a downturn may offer an opportunity to buy.

This transcript has been automatically generated and may not be 100% accurate.

... I ... what a lineup that we've had in stocks this year and the fear that what the bond market ... they could be tied into torrents donned co manager of Hillary ... Balanced Fund welcome to the bank's waited to hear ... your fund is rated five stars by Morningstar it's up more than twenty two percent this year through the end of September ... what is with the balance between stocks and bonds this year and wind ... will switch our belts very often we trim the long-term believers in stocks that can be fairly optimistic investors ... silly for long-term investors ... it's really been worthless to stay fully committed to stocks ... that being said we are little bit ... shy on stocks right now we're half to sixty seven percent in stocks and with about sixty two percent right now we're always looking for the opportunities ... what with that ... my kids had are you finding value in certain sectors where certain ... particular shares who ... would only fund valued people sectors is not our approach were really classic bottom up investors so we try to find stocks we think will respond given any interest rate environment anymore and Pharma ... stocks do well over the long term ... bonds are you buying now ... Fonzo will be tricky right now the difficulty is that you not get much yields from bonds ... so that's nothing new what we've tried to stay shorter term because ... shorter term bonds would be less ... responsive to rising interest rates ... so will we are able to tell whether to buy some lower quality on jump on if you will ... ten percent off with Silicon the jump on since we found good opportunities there we think make money for clients long term ... all that great ... all ... the pass I noticed last mile in any way you have a ton of cash while the cake to put that to ... we have a pretty good given the market ... may we come I hope that this market meltdown of this government shutdown should say was something that would give some opportunity that look like that's happening today with the pinwheel cash about fifteen percent right now so were rated move when the up to the present self ... thanks for stopping my thank you ...